The European Steel Association (EUROFER) has called for measures to ensure that the decarbonization of the European steel industry supports the sector's competitiveness and supports production, investment and employment in Europe.
EUROFER issued a statement after a meeting at the European Parliament attended by about 100 members of the European Parliament, steel industry executives and other stakeholders. how the European steel sector can decarbonize while maintaining its industrial base.
High energy costs and global competition are putting pressure on European manufacturers стали
According to the association, high energy costs and global competition continue to put pressure on European steel producers. The EU Action Plan for steel and metals production should provide conditions that will allow steel producers to remain competitive and continue to invest in Europe.
The Association also stressed the need to create predictable demand for low carbon steel to support investment in decarbonization projects. In this regard, EUROFER pointed to the Law on Accelerating Industrial Production and measures promoting the use of low-carbon steel in the automotive sector as potential tools for creating leading markets for steel produced in Europe.
The ETS and CBAM solutions are considered critical for конкурентоспособность
In addition, EUROFER stated that upcoming decisions regarding the EU Emissions Trading System (ETS) and the Carbon Boundary Regulation Mechanism (CBAM) will be crucial to prevent carbon leakage while maintaining the competitiveness of European steel production.
According to EUROFER, Europe's transition to a "green" economy should ultimately strengthen the region's industrial base and support economic growth, rather than weaken European industry.
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